Code · CFR · Title 13 — Business Credit and Assistance · Part 108 — New Markets Venture Capital (“NMVC”) Program · § 108.2003

§ 108.2003. Grant issuance fee for SSBICs.

50 words·~1 min read·/us/cfr/t13/s§ 108.2003

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

An SSBIC must pay to SBA a grant issuance fee of \$5,000. An SSBIC must submit this fee in advance, at the time of application submission. If SBA does not award a grant to the SSBIC, SBA will refund this fee to the SSBIC. \[67 FR 68503, Nov. 12, 2002\]